Chapter TSEM1004
| Published date | 02 May 2016 |
| Record Number | TSEM1004 |
There is no legal definition of ‘trust’. A trust is not a legal person; it is a relationship. The persons in the trust relationship are:
- settlor
- trustees
- beneficiaries
The settlor provides the property for the trust. The trustees hold the trust property in their name, but it is held not for them but on trust for the beneficiaries. The beneficiaries benefit from the trust...
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